PPP Loan information for Quad county corn processors cooperative

$686,900

Quad county corn processors cooperative was initially approved for PPP Loan of amount $686,900, the current approved amount is $686,900. The loan was approved on 04/06/2020 by The American Bank, National Association reported 44 jobs and $686,900 was used to fund payroll.

Quad county corn processors cooperative is Existing or more than 2 years old

PPP Loan Search / IA / GALVA / Quad county corn processors cooperative

QUAD COUNTY CORN PROCESSORS COOPERATIVE

Date Approved

04/06/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

QUAD COUNTY CORN PROCESSORS COOPERATIVE

Borrower Address

100 E 3RD ST

Borrower City

GALVA

Borrower State

IA

Borrower Zip

51020-7733

Loan Status Date

04/02/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

686900.00

Current Approval Amount

686900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25420

Servicing Lender Name

American Bank, National Association

Servicing Lender Address

234 5th Ave SW

Servicing Lender City

LE MARS

Servicing Lender State

IA

Servicing Lender Zip

51031-1917

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GALVA

Project County Name

IDA

Project State

IA

Project Zip

51020-7733

CD

IA-04

Jobs Reported

44

NAICS Code

325193

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

100000.00

Payroll Proceed

526900.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

60000

Business Type

Cooperative

Originating Lender Location Id

25420

Originating Lender

American Bank, National Association

Originating Lender City

LE MARS

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

690682.65

Forgiveness Date

11/03/2020

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